Recession Hit Morgan Stanley is planning to cut about 1,600 jobs, according to sources, as rival banks warn that a looming US recession will dampen hiring. Goldman Sachs CEO David Solomon said the bank may have to prune staff in certain areas, while Bank of America is slowing recruitment. The statements underscore the pain sweeping the US with layoffs and hiring freezes extending beyond the technology industry. Federal Reserve economists late last month briefed policymakers that the chances of a US recession in the next year had risen to almost 50%. The warning from Wall Street now? 2023 will be ugly.
Esok ular mau balik bini punya kampong holiday for 1 week. Takda masa mau lepak so often liao. You all keep the forum active sikit hor. Ada apa bad news must post at here hor. Haiyoh. Boleh?
Oil price turun balik leh. Capped Russia oil price at usd60 looking like ada effect to lower down the oil price leh. Good or bad to HY as input cost will be lower right. Betul?
Wednesday, 07 Dec 2022 11:27 AM MYT KUALA LUMPUR, Dec 7 — Datuk Seri Anwar Ibrahim was only ever to get a “symbolic salary” of RM1 a year when he was Selangor economic adviser, state official Juwairiya Zulkifli said today.
The Bukit Melawati assemblyman who is also political secretary to Selangor Mentri Besar Datuk Seri Amirudin Shari was refuting Perikatan Nasional (PN) chairman Tan Sri Muhyiddin Yassin who claimed that before becoming prime minister, Anwar had been paid RM15 million for the state post.
“During YAB Datuk Seri Anwar Ibrahim's tenure as Selangor economic adviser, he was only given a symbolic salary of RM1 per year.
“The salary has not been paid to him since the date of appointment. He did not receive any allowance or privileges other than the RM1 salary,” she said in a statement posted on Facebook page of the state-owned Media Selangor.
Hope today can get kfc leh. Itu bankers one by one tulis gloomy reports leh. Shorting koboi like you lah. Very black heart one leh. Dunno after FED Mtg the bankers will tukar bullish or not pun tak tau lagi lah. Haiyoh. Correct?
Just for i formation: Crack spread is a term used on the oil industry and futures trading for the differential between the price of crude oil (WTI, Brent, Dubai) and petroleum products (mogas, gasoil, jet-korosene) extracted from it.
China joined WTO in 2001.30 yrs ago,mainlanders dont even know what is a contract.And they marvelled at proton car.Now geely eat proton,n mainlanders eat others for breakfast. :)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
i3lurker
13,737 posts
Posted by i3lurker > 2022-12-07 10:13 | Report Abuse
from Bloomberg
Recession Hit
Morgan Stanley is planning to cut about 1,600 jobs, according to sources, as rival banks warn that a looming US recession will dampen hiring.
Goldman Sachs CEO David Solomon said the bank may have to prune staff in certain areas, while Bank of America is slowing recruitment. The statements underscore the pain sweeping the US with layoffs and hiring freezes extending beyond the technology industry. Federal Reserve economists late last month briefed policymakers that the chances of a US recession in the next year had risen to almost 50%. The warning from Wall Street now? 2023 will be ugly.